WENDELL P. WEEKS - 04 Feb 2025 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Chairman and CEO, Director
Signature
Melissa J. Gambol, Power of Attorney
Issuer symbol
GLW
Transactions as of
04 Feb 2025
Net transactions value
-$569,370
Form type
4
Filing time
06 Feb 2025, 16:31:04 UTC
Previous filing
06 Jan 2025
Next filing
12 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +3,706 +0.43% $0.000000 863,070 04 Feb 2025 Direct F1
transaction GLW Common Stock Options Exercise $0 +3,464 +0.4% $0.000000 866,534 04 Feb 2025 Direct F1
transaction GLW Common Stock Options Exercise $0 +3,771 +0.44% $0.000000 870,305 04 Feb 2025 Direct F1
transaction GLW Common Stock Tax liability $569,370 -10,941 -1.3% $52.04 859,364 04 Feb 2025 Direct
holding GLW Common Stock 9,200 04 Feb 2025 Held by Spouse F2
holding GLW Common Stock 6,994 04 Feb 2025 Held By Spouse - Emp. Ben. Plan F2, F3
holding GLW Common Stock 11,530 04 Feb 2025 Trustee U/employee Benefit Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GLW Performance Share Unit Award $0 +104,546 $0.000000 104,546 04 Feb 2025 Common Stock 104,546 Direct F1, F5
transaction GLW Performance Share Unit Award $0 +97,726 +370% $0.000000 124,119 04 Feb 2025 Common Stock 97,726 Direct F1, F6
transaction GLW Performance Share Unit Award $0 +106,382 +224% $0.000000 153,949 04 Feb 2025 Common Stock 106,382 Direct F1, F7
transaction GLW Performance Share Unit Options Exercise $0 -3,706 -3.5% $0.000000 100,840 04 Feb 2025 Common Stock 3,706 Direct F1, F8
transaction GLW Performance Share Unit Options Exercise $0 -3,464 -2.8% $0.000000 120,655 04 Feb 2025 Common Stock 3,464 Direct F1, F9
transaction GLW Performance Share Unit Options Exercise $0 -3,771 -2.4% $0.000000 150,178 04 Feb 2025 Common Stock 3,771 Direct F1, F10
holding GLW Performance Share Unit 17,199 04 Feb 2025 Common Stock 17,199 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 The reporting person disclaims beneficial ownership of all securities held by spouse.
F3 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2025.
F4 Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2023 agreement. Earned PSUs remain restricted until vesting. The earned units will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F5 Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 pursuant to the 2024 agreement. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
F6 Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 pursuant to the 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F7 Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F8 Vesting to satisfy tax requirement pursuant to the 2024 agreement.
F9 Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F10 Vesting to satisfy tax requirement pursuant to the 2022 agreement.